Housing, and now aerospace and autos.
That's a pretty hefty list where there might be weakness.
As these latter two go, again there are some murky areas. In reality there's nothing wrong with aerospace. Boeing's (BA) numbers seem fine. But we can't forget that you could argue that one out of every four planes is now being gobbled up by the Chinese.
It has always been my theory that if the Chinese shifted all orders to Airbus (EADSY) other carriers would just take China's place. At the same time, though, that's a hefty problem if things with China get out of control.
GM's (GM) numbers are bad. But I could argue it is the cost side, not the demand side that is the culprit. Further, if President Trump tacks on 25% tariffs on foreign cars, that's a reason to buy GM. So, again, not as it seems.
This morning's dip in new home sales is pretty astonishing. But under the hood, it's the same thing: not enough new or old inventory.
Why point this out? Because we should be down much more if things weren't murky; a confusing moment to say the least.